Brookfield Asset Management Inc. increased its position in Union Pacific Co. (NYSE:UNP) by 57.4% in the first quarter, Holdings Channel reports. The fund owned 27,970 shares of the railroad operator’s stock after purchasing an additional 10,200 shares during the period. Brookfield Asset Management Inc.’s holdings in Union Pacific were worth $3,760,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in UNP. Icon Wealth Partners LLC purchased a new position in Union Pacific in the 4th quarter worth approximately $119,000. Ballew Advisors Inc purchased a new position in Union Pacific in the 1st quarter worth approximately $145,000. Exane Derivatives raised its holdings in Union Pacific by 55,600.0% in the 4th quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock worth $149,000 after acquiring an additional 1,112 shares during the last quarter. Certified Advisory Corp purchased a new position in Union Pacific in the 4th quarter worth approximately $175,000. Finally, Aevitas Wealth Management Inc. purchased a new position in Union Pacific in the 4th quarter worth approximately $185,000. Institutional investors own 78.71% of the company’s stock.
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In other news, EVP Elizabeth F. Whited sold 15,576 shares of the business’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $133.79, for a total transaction of $2,083,913.04. Following the completion of the sale, the executive vice president now owns 65,613 shares of the company’s stock, valued at approximately $8,778,363.27. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.
Shares of UNP stock opened at $142.81 on Wednesday. Union Pacific Co. has a 1 year low of $101.06 and a 1 year high of $148.33. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 0.64. The firm has a market cap of $113.24 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 1.81 and a beta of 0.80.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, April 26th. The railroad operator reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.02. Union Pacific had a net margin of 50.73% and a return on equity of 22.16%. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter in the previous year, the firm posted $1.32 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. sell-side analysts forecast that Union Pacific Co. will post 7.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, May 31st will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Wednesday, May 30th. Union Pacific’s payout ratio is 50.43%.
A number of equities analysts recently weighed in on UNP shares. Deutsche Bank upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and set a $158.00 price objective for the company in a report on Monday, April 2nd. Bank of America boosted their price objective on shares of Union Pacific from $150.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, March 15th. TD Securities decreased their price objective on shares of Union Pacific from $155.00 to $150.00 and set a “buy” rating for the company in a report on Friday, April 27th. ValuEngine raised shares of Union Pacific from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Finally, Morgan Stanley lifted their target price on shares of Union Pacific from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Friday, June 1st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $146.70.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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